Seek.The.Beat
Wellness and aesthetics business based in San Diego
Overview
Raised: $2,100
Total Commitments ($USD)
Platform
Honeycomb
Start Date
09/07/2023
Close Date
10/06/2023
Min. Goal
$50,000
Max. Goal
$100,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
11.75%
Rolling Commitments ($USD)
Status
Active
Reporting Date
09/26/2023
Days Remaining
10
% of Min. Goal
4%
% of Max. Goal
2%
Likelihood of Max
Avg. Daily Raise
$111
# of Investors
3
Momentum
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Year Founded
2018
Industry
Tech Sector
Location
La Mesa, California
Seek.The.Beat is raising funds on Honeycomb. The business, based in San Diego, is a wellness and aesthetics company specializing in services that promote overall well-being and beauty, including skin brightening, facials, waxing, and more. Catering to health-conscious individuals who value self-care, Seek.The.Beat aims to provide quality services that align with their customers' personal values. They have a 5-star rating on Google for their desired facials and salon services and have been profitable for the past two years, with a projected growth in revenue by 11% year-over-year in 2023. LaMya Thomas founded the company in 2018. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $100,000. The campaign proceeds will be used for several key business enhancements, including creating their own wax for hair removal services, building out more wellness programs and events, and purchasing podcast equipment to reach a broader audience.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$98,318 |
$89,187 |
|
COGS |
$27,434 |
$15,044 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$8,100 |
$16,685 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$800 |
$1,000 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$9,488 |
$7,000 |
|
Short-Term Debt |
$10,442 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$10,442 |
$0 |
Financials as of: 09/07/2023
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